Let’s discuss the price chart of the GBPUSD currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, Wave (2) has completed and Wave (3) is in progress. The price has just breached the low of Wave (1) and pulled back for a re-test. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical...
Kotak Bank broke out of rectangle pattern on smaller time frame charts with decent volumes. Kotak managed to break past 1792-1793 level comfortably which was acting as a hurdle for past couple of sessions.. Could be bought with stoploss of 1756 & targets of 1722(if holds) thn 1740 +
NSE:HSCL Broke out from a bottom consolidation region of 2 years after a sharp downtrend of 70% The consolidation is the pink rectangle on the chart. Other bullish signs are exponential volume growth leading to the breakout and the price being above 30 week EMA. A long term positional bet can be taken in this scrip for the next 6-12 months and beyond. Has...
Today I am discussing Paypal Stock which has been drastically sold off around 40% from highs! I do think this is crazy, and oversold. BUT, I am going to analyze stocks appropriately and without any bias. PYPL as shown on the Daily Chart has been breaking down through this Range it has been trading in of where I have a Rectangle shape Drawn. PYPL just closed...
NSE:GUFICBIO Broke out of rectangle consolidation pattern and now price gave retest + confirmation. Bullish signs- Big volumes on breakout and on the buy side. Price entered virgin territory with this consolidation and breakout. Recent support from 30 week MA. Low volume red candles. Pattern is of a bullish flag type. Stock has already delivered multibagger...
MTCH has been in a very well defined range since November 2020. Support and resistance are clear. Are we finally going to break above this range? We had several breakout in the past but the price always came back very quickly in the range. One could initiate a long position if we break, with a stop below the line. I see an inverted head and shoulders on the...
Rectangles can extend for a few weeks or many months, and provide great trade opportunities every time the stock touches the top or bottom of the rectangle, until it finally breaks to the upside or downside. TRV has been trading in a range (146.75 / 162.77) since February, forming a rectangle pattern. Generally, the longer the pattern, the more significant...
The FED announced that it will hike interest rates three times next year. The ECB has done the opposite saying that interest hikes are unlikely though it will monitor inflation closely. The bulls have been exhausted, it is time for the bears to push the rate lower.
This looks like a long accumulation =, and CRV is about to have a great run
KDA USDT analyses time frame daily if history repeats again and price break the rectangle , I hope minimum 400% growth
* Strong up trend * Consolidating since beginning of 2021 * Strong earnings * Lower than average volume All signs point to it breaking out soon. Due to the lack in volume ABT may visit the $126 area before breaking out. Trade idea: * Wait for a break before entering * Look for an entry around $126 for a discount Target after breakout would be $151.65 Looking...
* Strong earnings quarter over quarter * General up trending * Trading at higher than average volume * Potential to give +16% ROI Trade Idea: * If you're looking for a discount look for buying opportunities around $51.61 * This is trading at higher than average volume so there are chances that it may continue going up. If you're not so much of a discount...
* Relatively young * Steady up trend * Strong earnings * Breaking out of a 4 month consolidation * Breaking out with higher than average volume Trade Idea: * This is a great time to buy PPD as it's still close to the broken resistance and its 10EMA
* Strong earnings quarter over quarter * Strong up trend since inception * Consolidated for a month after a move higher * Retested the broken level as support with higher volume than average Trade Idea: * This would be a great time to enter a trade * Or if you're looking for a discount, you can look for buying opportunities around the $61.70 area
* Relatively stable earnings * Strong up trend since November 2020 * Breaking out of a 5 month consolidation * Breaking out with higher than average volume Trade idea: * $260.37 should hold as support so you can look for buying opportunities there * Or if you're not looking for a discount, you can jump in now and ride the next leg higher. Be sure to place some...
Consolidating in a rectangle, Tested support 3x last week and it formed a descending triangle from the bottom. I am interesting in 2 price pivots: 384.30 and 386 Above those, we might test top or rectangle at 392
* Long term strong up trend * Solid earnings year over year * Broke out of a 4 month consolidation period * Still holding above with higher than average volume
* Solid earnings * Broke out with higher than average volume * Broke out of 8 month long resistance